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Loan Modification

: Loan Modification & Home Loan News

Walking away from property comes with consequences

By Moe Bedard

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Q. What are the effects of a foreclosure on someone?s credit? I?m thinking of walking away from my Florida property, which costs me, net after rental income, $1,000 per month. The house is worth $10,000 to $20,000 less than the existing mortgage. What happens if I do that? ? House poor A. Walking away from [...]

Full post as published by Loan Modification & Home Loan News on July 26, 2010 (boomark / email).

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